What would you do with a $150K

**leberyo** · 10-28-2009 11:16 AM

I'm a small business owner, and have put aside a few dollars and wanted to get ideas from people for investments. If you had a $150K right now, how would you invest it?

**Sportsfan12** · 10-28-2009 11:50 AM

Sent you a PM

Thank you.

--Reginald

**bnelson** · 10-28-2009 03:21 PM

Real estate, hands down. Granted you know what you are doing or at least are working with someone who does.

**leberyo** · 10-28-2009 07:43 PM

Bnelson, I've been searching for a good property to invest in for the past year with no luck. I'm particularly interested in multifamily but all the properties are about 20+ years old and not nice. I check loopnet daily. Also the roi cap rates are very low here in SoCal. In the neighborhood of 5-7% for decent properties. I might be interested in developing but nice land is also hard to find. I have access to more funds if needed but nothing has screamed buy me fir the past year

**Gaulkin** · 10-28-2009 08:38 PM

Originally Posted by leberyo

Bnelson, I've been searching for a good property to invest in for the past year with no luck. I'm particularly interested in multifamily but all the properties are about 20+ years old and not nice. I check loopnet daily. Also the roi cap rates are very low here in SoCal. In the neighborhood of 5-7% for decent properties. I might be interested in developing but nice land is also hard to find. I have access to more funds if needed but nothing has screamed buy me fir the past year

lol... your not going to find deals on loopnet... Deals are found by getting out there and being first not buying what no one wants.

**Future of Edu** · 10-29-2009 03:34 AM

Originally Posted by leberyo

Bnelson, I've been searching for a good property to invest in for the past year with no luck. I'm particularly interested in multifamily but all the properties are about 20+ years old and not nice. I check loopnet daily. Also the roi cap rates are very low here in SoCal. In the neighborhood of 5-7% for decent properties. I might be interested in developing but nice land is also hard to find. I have access to more funds if needed but nothing has screamed buy me fir the past year

First, agree with gaulkin. lol

Second, 150k in socal... ehh iunno about real estate for you.

My advice, if you already own a business and have made it successfull, look for a partnership investment. Take your time, do your research, don't be haste. I know many people do not like partnerships but many MANY wealthy people didn't get where they are alone. When I say find a partner, I dont mean put a post up on this site and sort through BS. I mean look in the papers, local venture groups. Craigslist is where I met my partner and it's work out very well. j

good luck,

Enjoy Life,
Nick

**DerekS** · 10-30-2009 09:09 AM

Originally Posted by Gaulkin

lol... your not going to find deals on loopnet... Deals are found by getting out there and being first not buying what no one wants.

That sums it up. Loopnet sucks. It sucks for commercial (that's what Co-Star is for) and it sucks for residential (which is what regional MLS services are for.)

Find an aggressive agent and put him or her to work. Then go out and drive your target areas. Working together I'm sure you can find what you're looking for.

Also, real estate is alot more than just cap rate (though I wouldn't balk at a 7% cap rate considering how high prices got in the last 4 years.)